Economy

New Delhi:  Leading banks on Wednesday said that the RBI rate cut, coupled with the revision in stance to accommodative, is a swift and timely move and a forward guidance to the market to stay supportive against evolving global uncertainties, along with empowering the consumers. The 25bps rate cut is likely to spur demand for

Mumbai: The Reserve Bank of India (RBI) has done the right thing by sticking to market expectations at a time when uncertainty is high, Katrina Ell, Economic Research Director at Moody’s Analytics said on Wednesday. She believes the central bank’s move to cut the repo rate by 25 basis points to 6 per cent and

Mumbai: The Reserve Bank’s Monetary Policy Committee has reduced its inflation forecast for 2025-26 to 4 per cent from 4.2 per cent earlier as the “outlook for food inflation has turned decisively positive,” RBI Governor Sanjay Malhotra said on Wednesday. “Headline inflation moderated during January-February 2025 following a sharp correction in food inflation. The outlook

Mumbai:  The RBI’s monetary policy committee has reduced its projection for India’s GDP growth in 2025-26 by 20 basis points to 6.5 per cent from 6.7 per cent due to global trade and policy uncertainties in the wake of the US tariff hikes, Reserve Bank of India Governor Sanjay Malhotra said on Wednesday. The RBI

New Delhi: The Reserve Bank of India’s (RBI) accommodative monetary policy, combined with the government’s growth-centric fiscal policy, will help boost domestic growth amid global economic turmoil, the Confederation of Indian Industry (CII) said on Wednesday. Terming the central bank’s decision to continue with the rate easing cycle by reducing the repo rate by 25

New Delhi:  In order to further boost digital payments, the National Payments Corporation of India will be enabled to set the limit on person-to-merchants transactions via Unified Payments Interface (UPI), RBI Governor Sanjay Malhotra said on Wednesday. At present, the transaction amount for UPI, covering both person-to-person (P2P) and person-to-merchant payments (P2M), is capped at

Mumbai: RBI Governor Sanjay Malhotra announced on Wednesday that it has been decided to issue comprehensive regulations on prudential norms and conduct-related aspects for gold loans following concerns raised over the issue. The review of guidelines for lending against the collateral of gold jewellery and ornaments are extended by regulated entities (REs) for both consumption

Mumbai:  RBI Governor Sanjay Malhotra on Wednesday announced a 25 basis cut in the policy rate from 6.25 per cent to 6 per cent and change in monetary policy stance from neutral to accommodative to accelerate economic growth. The RBI Governor said that the decision to cut the repo rate has been taken unanimously by

Mumbai:  Indian equity indices opened in the red on Wednesday, following its global peers, as US President Donald Trump threatened reciprocal tariffs on the global pharmaceutical sector. Ahead of the RBI monetary police committee (MPC) decisions — where a 25 bps repo rate cut is likely along with the stance shifting to ‘accommodative’ from ‘neutral’

New Delhi: India offers a compelling growth opportunity for foreign banks and the government is actively encouraging foreign investment in the banking sector, Union Finance Minister Nirmala Sitharaman has stressed. Addressing the India-UK Investor Roundtable discussion in London with around 60 investors, representing various pension funds, insurance companies, banks and other financial institutions in London,